Nokia, Qwest & Sprint midday Monday Trade Loss

In midday trades on Monday, Sprint Nextel, Qwest Communications and Nokia Corp endured deep losses as telecom stocks followed the broader United States market dropping sharply lower according to a report on MarketWatch.

Apparently the figures in the mobile phone group are…Sprint Nextel dropped 13 percent while Qwest dropped in excess of 8 percent. AT&T fell 4 percent while Verizon Wireless also dropped nearly 3 percent.

Nokia, in the equipment sector, fell by more than 6 percent, Ericsson was down 5 percent, Motorola fell 4.5 percent and Alcatel-Lucent dropped 6 percent.

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